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Jackson 49203
408 Summit Avenue
$92,000
● House - Off Market

408 Summit Avenue

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,420 Ft²
$101,178
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

OFFER RECEIVED - PLEASE SUBMIT ALL OFFERS BY MONDAY, 8/23/21 @ 5 PM!!

ADORABLE BUNGALOW ON 3 CITY LOTS LOCATED JUST SOUTH OF HENRY FORD ALLEGIANCE.  Great location, close to Shopping, Restaurants, Downtown Jackson! Completely Updated from top to Bottom! NEW Roof, Siding, Windows, Doors, Flooring, Fresh Paint, Furnace, Central Air, Water Heater.  BRAND NEW KITCHEN with GRANITE countertops and SS Appliances (byofridge). Completely renovated Full Bath!  Two Bedrooms with potential 3rd non-conforming bedroom in attic, one with walk-in closet. Huge Deck! Two and a Half Car Detached Garage. And just enough elbow room! Schedule your showing TODAY!
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$63
Property Type
House
Property Taxes
$60
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21101693)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Aug 20, 2021 Listed by ERA REARDON REALTY, L.L.C. $89,900
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 760
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,716
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,028
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESSORS SUMMIT PLAT SUBDIVISION
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 0584, 0585 LOTS 1, 2 & 3 ASSESSOR'S SUMMIT PLAT

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 001200

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: MAPS 6-11
  • District: 50
  • Parcel: 6-058300000
  • Lot: 1-3
  • Municipality: JACKSON CITY
  • Latitude: 42.2472
  • Longitude: -84.3883

    Address

  • Full Address: 408 Summit Ave
  • Address - House Number: 408
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C003
  • 4-Digit Zip Code: 1956
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $126,133
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 93,442
  • High Value: 116,942
  • Low Value: 69,941

    Market Valuation

  • Market Total Value: $60,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2895754
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1485 ft²

Average Home Age

98.3 years

Currently For Sale

119 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jodi Burns, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21101693
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 408 Summit Avenue built and last sold?
The property at 408 Summit Avenue was built in 1930 and last sold on Sep 29, 2021 for $92,000.
How much is this home worth?
The estimated value of the home located at 408 Summit Avenue is $95,649.
What are some comparable homes to 408 Summit Avenue?
There are currently no comparable homes to 408 Summit Avenue.
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